Quarterly ResultMay 7, 2026, 04:25 PM
Willdan Q1 Net Income Up 82% to $8.5M; Raises 2026 Targets
AI Summary
Willdan Group, Inc. reported strong first-quarter 2026 financial results, with net income increasing 82.0% to $8.5 million and Adjusted Diluted EPS rising 44.4% to $0.91. The company also announced the acquisition of Burton Energy Group, which expands its commercial market services. Reflecting this strong performance and strategic growth, Willdan raised its fiscal year 2026 financial targets for net revenue, Adjusted EBITDA, and Adjusted Diluted EPS.
Key Highlights
- Q1 2026 Net Income increased 82.0% to $8.5 million.
- Q1 2026 Adjusted Diluted EPS rose 44.4% to $0.91.
- Q1 2026 Contract Revenue was $155.1 million, up 1.8%.
- Q1 2026 Net Revenue grew 8.3% to $92.4 million.
- Q1 2026 Adjusted EBITDA increased 25.4% to $18.1 million.
- Completed acquisition of Burton Energy Group, expanding commercial market services.
- Raised 2026 Net Revenue target to between $410 million and $425 million.
- Raised 2026 Adjusted EBITDA target to between $100 million and $105 million.